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Weekly review of 'domestic seed cotton procurement'

Weekly review of 'domestic seed cotton procurement' Source:
Date: 24-03-2013
Visits: 241
Very Poor

According to the survey conducted by China Cotton Association Cotton Processing Industry Branch, As the due date of state reserve is around the corner, the source of seed cotton gets narrow with lower quality and the procurement has been basically finished by last week( March 11th -15th ).

During the week, some monitored enterprises in Anhui and Hebei who has been kept running closed their procurement of 2012-13 season. Only two monitored enterprises in Shandong still had random procurement at the time.

The weekly average price of Seed cotton at Grade 428 is 8.18 yuan per kg, 0.02 yuan higher than last week.
The price of cotton seed keeps stable. Besides the fact that less resource in the market, the price of cotton oil and cotton pulp kept in low position also supported the cotton seed market. Weekly average price of cotton seed in Yangtze valley is 2.41 yuan per kg, equal to last week; In Xinjiang, the average price is 2.10 yuan per kg, also the same as last week; the price in Yellow River basin gets 0.01 yuan up than last week and comes to 2.45 yuan.
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